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If one in ten Internet startups were acquired by Google, I'd short Google's stock. The likelihood of being acquired is closer to one in one thousand.
by sunir 16y ago
If one in ten Internet startups were acquired by Google, I'd short Google's stock. The likelihood of being acquired is closer to one in one thousand.
- deleted 16y ago[deleted]
- philwelch 16y agoI've been thinking about this, but really I'm not so sure we're talking about the same number. It's close to one in one thousand to have your first or second startup acquired, maybe, but at a certain level of competence it's not unreasonable to expect a $5m exit somewhere within your first ten startups.
- sunir 16y agoIt's very unlikely you'll get through 10 startups without having to spend your own money since a three time loser is not going to get investment very easily. Your average net income over the period of time it takes you to get a $5M exit will probably exceed your earnings from that exit, which will likely be less than $1M. The point is that startups are not an easy or guaranteed way to make killer money. That's gold rush thinking. Think about how many startups (thousands) are in Silicon Valley right now and how many have exited in the last 5 years (dozens). Don't get me wrong. Live the dream. I'm working at my 6th startup, and I just started my first one. But don't do it for the money. Do it because you're creating something you believe should exist in the world.